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Financial Services

Happy Family acquisition means happy local investors (access required)

International food company Danone, which owns brands including Dannon, Activia and Evian, acquired organic baby food company Happy Family Brands in May. The financial terms of the deal, which still face regulatory approval, haven’t been disclosed, though some early investors ...

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FTC briefs U.S. Senate committee on credit reporting accuracy (access required)

Errors in credit reports can cause businesses to deny credit to potentially valuable customers, a director of the Federal Trade Commission warned a U.S. Senate subcommittee earlier this month. “The Commission recognizes the importance of accurate and complete credit reports, ...

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Investment bank to open capital to mid-sized companies (access required)

Headwaters MB, a merchant bank based in Denver, has opened a Boise office. Managing director Jerry Sturgill hopes the new office can help mid-sized companies looking for capital or help with mergers and acquisitions. The bank, which has its own ...

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Smoky Mountain Pizzeria Grill president wins top Idaho SBA honors (access required)

Dan Todd, president of Smoky Mountain Pizzeria Grill, has won the Small Business Administration’s Idaho Small Business Person of the Year award. Todd received the award after Smoky Mountain continued to expand even during the recession, adding new employees and ...

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Chase adds business banking staff (access required)

Chase Bank has hired two relationship managers from other local banks in its business banking division in Idaho as part of an effort to increase services for mid-sized companies. Tammy Chavez is a former vice president in business banking with ...

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Bill would ease regulatory burden on community banks

The U.S. House of Representatives is considering a bill that would roll back provisions of the Dodd-Frank financial reform act and give community banks greater ease in raising capital and issuing mortgages. The legislation comes as federal regulators are finally ...

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MWI posts higher profits, revenues

Profits and revenues at MWI Veterinary Supply both increased by more than 10 percent in the first quarter of 2013, the Boise-based company reported May 2. The company reported $15.1 million in net income from January to March, up 14.6 ...

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A word with Kevin Learned: ‘The more capital you have, the more people will see uses for it’ (access required)

  Kevin Learned left the Idaho Small Business Development Center to become director of Boise State University’s Venture College program, which starts this fall. Learned co-founded Learned-Mahn, a computer software company that was sold in 1994. He was an associate ...

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U.S. Bank has luxury of two Idaho leaders for now (access required)

Two months into his job as community regional president for U.S. Bank, Joel Hickman said he’s embraced the culture of the new bank and appreciates the help of the incumbent. Hickman, the former Idaho district president for Key Bank, joined ...

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Credit unions seek change to rules on capital (access required)

Having successfully lobbied for expanded membership and commercial lending, the credit union industry is heading back to Congress to try to win new rights to raise capital, including taking on debt. The move comes as some of the nation’s fastest-growing ...

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